Carbon Credit Check
Validating and registering your Carbon Credits.
Getting and validating a carbon credit or REC is not easy.
In order for a renewable energy project/location to be eligible to issue credits, it first must be registered.
The registration process includes:
- Development of a Project Design Document (PDD) which describes the project in detail;
- Independent audit of the PDD and validation of the project.
Intake Form – Carbon Credit Check
What is a Carbon Credit.
also known as a carbon offset
A Carbon Credit (also known as a carbon offset) represents one metric ton of CO2e emissions avoided from an emission reduction project. Carbon Credits can be used to offset carbon emissions generated by governments, organizations or individuals.
What are carbon credit markets?
Carbon markets can be either mandatory or voluntary. The compliance carbon offset market is a legally-binding mandatory emission trading scheme. Several regional and national schemes exist, the most well-known of which is the EU ETS in Europe, established under the Kyoto Protocol linked to the United Nations Framework on Climate Change (UNFCCC). If the customer is purchasing credits to satisfy the requirements of a compliance regime, the rules relating to that specific compliance regime would apply. The customer would be responsible for ensuring his/her purchase is in compliance with the regime that applies to his/her business or organisation.
The voluntary market operates outside the compliance market and enables companies and individuals to purchase carbon credits on a voluntary basis to satisfy personal or corporate social responsibility objectives. If the credit purchase is for voluntary purposes, there are no special rules relating to international transactions beyond those which would apply for any other international transaction.
What types of carbon credits are there?
- CER (Certified Emission Reductions)
- VER (Verified Emission Reduction) / VCU (Verified Carbon Units)
- The Gold Standard – CER Gold / VER Gold credits
- CCER (Chinese Certified Emission Reduction)
Difference between a Carbon Credit and Rec.
You can offset your carbon emissions by purchasing both Carbon Credits and Renewable Energy Certificates (RECs), but they are different types of products.
Renewable Energy Certificates (RECs) are a market-based instrument that certifies the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource. Once the power provider has fed the energy into the grid, the REC received can then be sold on the open market as an energy commodity.
RECs earned may be sold, for example, to other entities that are polluting as a carbon credit to offset their emissions. RECs can go by other names, including Green Tags, Tradable Renewable Certificates (TRCs), Renewable Electricity Certificates, or Renewable Energy Credits.
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